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20121218
20121218
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CNBC 1
WBAL (NBC) 1
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Search Results 0 to 1 of about 2 (some duplicates have been removed)
CNBC
Dec 17, 2012 11:00pm EST
. in the marine industry, about 30% of the dealers in the u.s. went under during the recession. isn't that extraordinary? but brunswick's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million car bu
Search Results 0 to 1 of about 2 (some duplicates have been removed)